For the year ended 31 March 2015
Abbreviated Report and Financial Statements
Scotland
Registered Number: SC380072
Stop Go Networks Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 March 2015
Stop Go Networks Limited
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the accounts of
|
Stop Go Networks Limited for the year ended
31
March
2015
which comprise the Profit and Loss Account
,
the Balance
|
Sheet and the related notes from the company
'
s accounting records and from information and explanations you have given
|
us
.
|
As a practising firm of the Institute of Chartered Accountants of Scotland
,
we are subject to its ethical and other professional
|
requirements which are detailed at http
://
www
.
icas
.
org
.
uk
/
accountspreparationguidance
.
|
This report is made solely to the Board of Directors of Stop Go Networks Limited
,
as a body
,
in accordance with the terms of
|
our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of Stop Go
|
Networks Limited and state those matters that we have agreed to state to the Board of Directors of Stop Go Networks
|
Limited
,
as a body
,
in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland
|
as detailed at http
://
www
.
icas
.
org
.
uk
/
accountspreparationguidance
.
To the fullest extent permitted by law
,
we do not accept
|
or assume responsibility to anyone other than Stop Go Networks Limited and its Board of Directors as a body for our work or
|
for this report
.
|
It is your duty to ensure that Stop Go Networks Limited has kept adequate accounting records to prepare statutory accounts
|
that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Stop Go Networks Limited
.
You consider
|
that Stop Go Networks Limited is exempt from the statutory audit requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of Stop Go Networks Limited
.
For this reason
,
|
we have not verified the accuracy or completeness of the accounting records or information and explanations you have
|
given to us and we do not
,
therefore
,
express any opinion on the statutory accounts
.
|
Paterson & Co Chartered Accountants
223 Ayr Road
Newton Mearns
Glasgow
G77 6AH
25 September 2015
1 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
Stop Go Networks Limited
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at
|
the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction
.
All
|
foreign exchange differences are included to the profit and loss account
.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
|
shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer Equipment
Fixtures and Fittings
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
Stop Go Networks Limited
54,104
3,211
57,315
39,604
5,988
Charge for year
45,592
11,723
14,500
Allotted called up and fully paid
|
31/3/2015
31/3/2014
300
Ordinary shares of £
1
.
00
each
|
300
300
300
300
4 of 4